Sealed Air (NYSE:SEE) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Sealed Air (NYSE:SEE) from a buy rating to a hold rating in a research note published on Monday.

Several other research firms have also issued reports on SEE. Royal Bank of Canada dropped their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Mizuho dropped their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Bank of America decreased their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Truist Financial boosted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Up 1.6 %

SEE stock opened at $34.51 on Monday. The stock has a 50-day simple moving average of $35.18 and a two-hundred day simple moving average of $35.18. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The firm has a market capitalization of $5.03 billion, a PE ratio of 12.69, a PEG ratio of 7.98 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. Sealed Air’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Institutional Trading of Sealed Air

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after buying an additional 311 shares during the period. Everence Capital Management Inc. grew its position in Sealed Air by 2.8% during the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 380 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 380 shares during the period. Raymond James Trust N.A. lifted its position in Sealed Air by 3.4% in the third quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock valued at $509,000 after purchasing an additional 466 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of Sealed Air by 1.3% during the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 467 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.